Re:U.S. Stocks Rise After S&P 500’s Record Close
by mywittyname on Wednesday August 19, 2020 @03:01PM
(#24214661)
I think that explanation is more of a political talking point than reality.
I guess if you make people desperate enough, then they will start looking for new jobs. But I think he's grossly underestimating what's going on with society.
Most people on unemployment are laid off. They are not applying for new jobs because they assume that they will have a job to go back to shortly.
These people are also dealing with the clusterfuck surrounding schooling & childcare. From what I've seen, it's close to impossible to get your younger child back into childcare. The older ones taking remote classes in school require a good deal of adult attention.
I don't think a lot of people would change jobs even for a big raise because things are so hectic right now. Even people here on HN are struggling to balance their lives, and these are people who earn good wages and have a lot of flexibility with their schedule.
Most people on unemployment are laid off. They are not applying for new jobs because they assume that they will have a job to go back to shortly.
These people are also dealing with the clusterfuck surrounding schooling & childcare. From what I've seen, it's close to impossible to get your younger child back into childcare. The older ones taking remote classes in school require a good deal of adult attention.
I don't think a lot of people would change jobs even for a big raise because things are so hectic right now. Even people here on HN are struggling to balance their lives, and these are people who earn good wages and have a lot of flexibility with their schedule.